NAIROBI (Reuters) - The Kenyan shilling weakened for a second straight session on Tuesday as importers sought U.S. dollars, but traders said a tea auction and the central bank should offer support later in the week. The central bank, which was heavily criticised last year for being slow to rein in inflation and shore up the tumbling shilling, has hoovered up a total of 11.65 billion shillings through repo agreements this year. It has also sold an unspecified amount of dollars and is expected to continue its efforts to keep the currency stable. ...
No comments:
Post a Comment